/biz/ - Business & Finance

>>57707957

Buying is the best choice of the math checks out but currently it doesn't. Once the cost to buy gets closer to the cost to rent then it will be a better idea.

But now if the difference is $2000 you can just rent and invest that money instead of being house poor.

>>57503672

Every one of these discussions always devolves into some shitskin larping that they bought at the best part of the trough and that everyone else is stupid and poor. You never really get any real discussion. It's sad, really.

We are at historic trends and there's plenty to discuss but everyone seems to be fixated on jerking themselves off about a fictional amount of wealth they have.

>>57439969

Explain to me how recognizing bubble behavior makes one a "doomer."

I saved up for a down payment on a home while housing 5X'd. It really doesn't matter how I feel or how much bait you guys post the math just isn't there. Buying at the peak of historic unaffordability is madness.

>>56513140

Correct. Renters cannot pay what they don't have.

Your ROI is going to be a lot better in tbills than it is going to be in RE right now.

>>56354212

Not right now you don't

The assumption that buying a shitty boomerbox is a guaranteed ticket to wealth is dangerous.

>>56237443

Keep in mind that the median income has actually been going DOWN. The funniest part is that people would still be buying decrepit boomer shacks for 500k if interest rates were lower.

But there's a lot of house poor people and overleveraged wannabe air bnb magnates out there. We'll wee how long they last in a down market.

>>56172445

The real intelligent play here-owning is so expensive that unless you're at 300k income levels you can't afford a median home. You can take the $2000 per month you are saving by paying rent and get a 5% return on it in fucking t bills.

When housing declines you are servicing huge interest payments on a home that you can only sell at a loss and are stuck being underwater for god knows how long. Expect hoomer delusion to get more hysterical as we go into this trough.

Housing always does go up due to how the economy is built on a growth/inflation model. But it goes up gradually and there's multiple periods where it enters a peak/trough and it doesn't make sense to buy.

For example people who bought at the top in 2007 were underwater on their mortgages for over a decade and a lot of people defaulted or walked away.

Saying that "line only go up" is an oversimplification.

Lookin' good